Post by Admin on Mar 12, 2014 9:22:25 GMT -5
720.313 Receivership notification.—
Upon the appointment of a receiver by a court for any reason relating to a homeowners’ association, the court sH all direct the receiver to provide to all members written notice of his or her appointment as receiver. Such notice sH all be mailed or delivered within 10 days after the appointment. Notice by mail to a member sH all be sent to the address used by the county property appraiser for notice to the owner of the property.
Editor's Note: If financial doomsday should ever happen to SLohA due to a catastrophic event, the court could, if petitioned, appoint a receiver to conduct the affairs of the HOA. This might happen if nobody would serve on the board or if it were discovered that there were significant misdeeds resulting in a financial catastrophe. The Members would received a written notice of the "takeover" within 10 days following the appointment.
History.—s. 10, ch. 2008-202.
Disclaimer: I am not an attorney and the interpretations above are my opinion and offered for informational purposes only. These interpretations should not be relied upon if you are contemplating legal action. Consult an attorney for legal advice.
Upon the appointment of a receiver by a court for any reason relating to a homeowners’ association, the court sH all direct the receiver to provide to all members written notice of his or her appointment as receiver. Such notice sH all be mailed or delivered within 10 days after the appointment. Notice by mail to a member sH all be sent to the address used by the county property appraiser for notice to the owner of the property.
Editor's Note: If financial doomsday should ever happen to SLohA due to a catastrophic event, the court could, if petitioned, appoint a receiver to conduct the affairs of the HOA. This might happen if nobody would serve on the board or if it were discovered that there were significant misdeeds resulting in a financial catastrophe. The Members would received a written notice of the "takeover" within 10 days following the appointment.
History.—s. 10, ch. 2008-202.
Disclaimer: I am not an attorney and the interpretations above are my opinion and offered for informational purposes only. These interpretations should not be relied upon if you are contemplating legal action. Consult an attorney for legal advice.